Be creative. About Karo HealthcareKaro Healthcare sells and markets a portfolio of everyday healthcare products that help prevent illnesses and treat health problems. The cookies are also used to improve how the website works. An ambitious group of people from quite humble backgrounds. Our approach is based on extensive experience of how to successfully build strong companies that enjoy long-term positive development. Varsity Healthcare Partners held a first close for Fund IV in recent weeks, surpassing its $600 million target, sources tell Axios. Read our latest news and what the media has to say about Impilo. Companies in its portfolio include Family Care Partners, a consolidator of primary care and ancillary diagnostic patient services, and The Orthopaedic Institute, a private practice group of specialty physicians providing musculoskeletal care. A premise that also benefits our investment success, since it forces us to understand each business even better and thus reduce risks, and thereby develop our ability to act as progressive owners. Founded in 2012, VHP seeks primarily control investments growth equity to buyout/recapitalization in lower middle market companies. If you would like to customise your choices, click 'Manage privacy settings'. That is our spirit and mindset. Building the tomorrow is the work of many people and it creates value that lasts. Altor Equity Partners is the investment advisor to the three first funds, which are domiciled in Jersey. Copyright 2023 Surperformance. VHP typically invests $20 million to $60 million, going larger with co-investment partners. Overall, Karo Healthcare's products are sold to sixty different markets worldwide. We are extremely proud of this milestone and their individual accomplishments, and we look forward to watching their continued growth.. Leading European and US institutional investors have committed a total of EUR 8.3 billion to Altor in five funds. Cain Brothers was engaged to serve as Probos lead financial advisor based on its deep domain experience and relationships within the Medical Equipment Maintenance and Repair and broader Medtech Outsourced Services sectors, as well as its long-standing relationship with Varsity Healthcare Partners. The product portfolio includes over-the-counter and prescription pharmaceuticals as well as medical devices. here to register, Not for publication, email or dissemination, Clearlake-backed Springs Window Fashions buys manufacturer Sunburst Shutters & Window Fashions, Summit Park-backed USS recaps Ox Foundation Solutions, PE-backed Flagstone Foods scoops up snack nut brand Emerald Nuts from Campbell Soup, Madison Dearborn closes MoneyGram deal; Hildred Capital, HCAP and PSG bet on pharmacy services, TSCP closes sale of Made4net to IKEA; FFL shares exit strategy for HR specialist ProService, The potential and pitfalls of AI for private equity. Interested in our company? The cookie is used to store the user consent for the cookies in the category "Analytics". (opens a new tab). To date, weve invested in around 90 companies as well as many add-on acquisitions, generating consistently strong returns. CalPERS Portfolio: NYSCRF Portfolio: Latest Filings: User Guide: Regulatory AUM vs AUM: LP Portfolios: Related Firms: Build a Portfolio: Comprehensive Search . Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Investment Advisor with the U.S. Securities & Exchange Commission. Click here. to consult with a tax professional before implementing any investment strategy. Gibon Webb, Sustainable Finance Disclosure Regulation, Personal account dealings and market abuse. The market offers attractive growth opportunities, both organically driven by underlying patient-critical demand, and inorganically through a generally high M&A activity as a result of the continued consolidation in the pharmaceutical industry. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". For more information, please visit www.varsityhealthcarepartners.com, Media: This helps Altor scale itself for new challenges but just as importantly, it gives Altor sufficient capital to help the portfolio companies to scale. Our deep belief in entrepreneurship and partnerships has stayed true over time, but our investment mandate has gradually evolved. Varsity Healthcare Partners and its portfolio companies in various matters, including several matters for Ventra Health, Emergency Care Partners, and Gastro Care Partners; The Sterling Group's acquisition of PowerGrid Services; Less More. 3 The Altor way. Varsity Healthcare Partners II LP: 300.0: 469.1: PE: Varsity-Daw LLC: 2016-09-02 0.0: PE: Varsity Family Care Partners LLC: 2016-09-02 0.0: PE: Varsity-Katzen LLC . These cookies ensure basic functionalities and security features of the website, anonymously. The team is supported by a group of seasoned Strategic Executives enhancing the entire investment process through strategic insight, operational oversight and senior counsel, which helps drive growth and performance, while fostering sustainable businesses and creating long-term value for all stakeholders. Looking at the years ahead, we see that the speed of change will only accelerate; companies old and new will seek to resolve urgent global challenges such as climate change, resource scarcity and an aging population. When we invest, we do so with respect for the companys culture and the individuals who work there. We call it Impilos ownership model. We have gradually shifted our operating model towards a cross-office sector focus to maximize the build-up of knowledge and our contributions to each situation. Prosek Partners Our investors originate mainly from the Nordic countries and the US. For example, the three latest funds have a 15-year horizon. We are a responsible partner to the companies in which we invest. Our approach is predicated on a commitment to unconditional alignment and transparency with all stakeholders - founders, management teams, employees and investors. Varsity Healthcare Partners' Probo Medical gears up for sale, Veritas VHPs unique tactical investment playbook and strong track record is complimented by VHPs distinct organizational culture, emphasizing highly collaborative engagement, strong professional accountability, and a commitment to excellence in work product and team performance. This cookie is set by GDPR Cookie Consent plugin. Varsity Healthcare Partners is a lower middle-market private equity investment firm focused on partnering with founders, entrepreneurs and management teams to build leading healthcare services companies. Our investors are among the most sophisticated institutional investors and investment managers in the world. in Business Administration. Varsity Healthcare Partners Investor Profile: Portfolio & Exits | PitchBook Then external Board members are appointed, with the just-right background and vision to match the opportunities ahead. She joined private equity firm Varsity Healthcare Partners as one of the first three employees in 2016, just prior to fundraising for VHP Fund II. Varsity Healthcare Partners completes sale of Probo Medical to Avista Capital Partners. Value we can look back on with founders and management, agreeing that together we made a positive difference. The cookie is used to store the user consent for the cookies in the category "Other. Varsity Healthcare Partners Albertsons Companies in: Several minority equity and debt investments*. Nothing on this website should be interpreted to Varsity Healthcare Partners Probo Medical gears up for sale, Veritas Cotiviti reportedly Investor Relations, Marketing & Communications Forum. Impilo is a Nordic-based, investment company focussed on investments in the healthcare and health related sector. Since that time, the VHP and Probo partnership has worked collaboratively to both grow and diversify Probos service lines, leveraging an organic and targeted acquisition strategy to expand Probos recurring service capabilities globally. It will create profound complexities and put enormous pressures on society, but it will also create opportunities. This website uses cookies to improve your experience while you navigate through the website. Varsity has been successful in developing and executing a tailored value creation plan, in partnership with the leadership of each company that typically emphasizes an appropriate investment in infrastructure followed by an aggressive organic and acquisition growth strategy. View source version on businesswire.com: https://www.businesswire.com/news/home/20191015005387/en/, Weekly market update : Tech is in the driving seat, Worldcoin: a mirage of philanthropy and profits? In Depth - Bio // Cooley // Global Law Firm Fund # 805-3890819000: CIK # 0001685289: Sale: 2016-09-30 ($300.0 MM Offered, $300.0 MM Sold) Fund Each potential opportunity is evaluated on industry attractiveness, market position and its value creation potential, with the Altor team drawing on sector specific experience to spot similar business opportunities, both in sourcing new investments and as an owner. Copyright 2023 Altor. The large specialty pharmaceutical market demonstrates stable growth over the cycles and high resilience during economic downturns. Looking at governance, Altor Fund Manager AB, is the main operating entity for Altor Fund IV and Altor Fund V, which has its legal domicile in Sweden and is regulated as an authorized manager of alternative investment funds under the Alternative Investment Fund Managers Directive. Its a strategy that naturally leads us to long-term investments. A partner that places demands on the companies being governed, organised and developed in the right manner. VHP initially invested in Probo in September 2018, at which point Probo was focused exclusively on the U.S. ultrasound repair and resale market. We support exceptional management teams, working side by side to maximize long-term value & ensure the success of our portfolio companies. This will yield strong returns to Impilos investors. About us | Altor Read more about our investments and how we work to develop them. Its partnership with Instacart*. Increase share of OTC in the overall portfolio. Varsity Healthcare Partners promotes three to VP | PE Hub Read more about VHP at www.varsityhealthcarepartners.com We are selective but at times also contrarian in our investments. Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. Powered and created by We, Yahoo, are part of the Yahoo family of brands. What we refer to as our community of challengers and change-makers. has divested its direct client bill business to, Coordinating Lead ArrangerAdministrative AgentCollateral Agent, has sold an 81.5 MW operating wind portfolio in Maine to, Orbach Affordable Housing Solutions Portfolio, Left Lead ArrangerJoint BookrunnerAdministrative Agent, Joint Lead ArrangerJoint BookrunnerCo-Syndication Agent, Coordinating Lead ArrangerAdministrative AgentCollateral AgentDepository BankJoint Bookrunner, Administrative AgentCoordinating Lead ArrangerSole Bookrunner, Joint Lead ArrangerAdministrative AgentDepository Bank, Issuing BankJoint Lead ArrangerJoint BookrunnerCo-Syndication Agent, hill-country-memorial-methodist-healthcare, orbach-affordable-housing-solutions-portfolio, jamul-indian-village-development-corporation, starling-physicians-acquired-by-villagemd. We thrive when faced with complex transformation challenges. Flexibility: We provide flexible capital solutions tailored to facilitate the unique needs & goals of each company. Once an investment is completed, the real work begins. This cookie is set by GDPR Cookie Consent plugin. We believe that previous owners are goldmines of experience. 2 An evolving investment strategy. - Crypto Recap, Turkey's Erdogan signals economic U-turn in picking orthodox Simsek, Peru April copper production jumped 30% -gov't, OPEC+ begins meetings that may agree further output cuts - sources, Majority of EU countries against network fee levy on Big Tech, sources say, ECB's Visco says falling energy prices should help tame inflation, Canada facing rising threat from cyberattacks - defence minister, Mexico to fight US dispute over GM corn after formal consultations fail, Fresh protests rock Senegal as death toll climbs, China rebukes US, Canadian navies for Taiwan Strait transit, Senior U.S. State Department official to visit China next week amid tense ties, Russia's air attack repelled on approach to Kyiv, Ukraine says, North Korea slams UN meeting on satellite launch, 'robbery' US demand, China seeks dialogue, says clash with U.S. would be 'unbearable disaster', China Defence Minister Li Shangfu: China seeks dialogue over confrontation, Timeline: China's Tiananmen Square demonstrations and crackdown, Guinea-Bissau holds legislative elections amid political deadlock. Today we are active across the spectrum, from classic value transformations of more mature companies to partnering with young, high growth businesses. Read more about our employees and their experience. All rights reserved. Direct links to the EDGAR source material. Karo Healthcare - EQT Group About us Varsity Healthcare Partners builds leading healthcare services companies, employing a differentiated partnership model. In Altor Fund Manager AB, Hans Henrik Klouman is Chairman and Board members are Cecilia Lager, Eivind Kolding and Christian Salamon. Registration does not imply a certain level of skill or training. ABOUT (formerly Central Logic), a Rubicon Technology Partners portfolio company, in its: Acquisition of Acuity Link*. We have married this with our investing skills and then partnered up with some truly exceptional founders and leaders. We are specialised in the health care sector. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. In today's rundown, we've got the scoop on Varsity Healthcare Partners' plans to exit another portfolio business this time, one that helps extend the life of medical equipment. This is why we take a longer hold than many other funds. and invests $20 to $60 million in each portfolio company. Companies to which we can offer knowledge, capital and new perspectives and thus create the momentum to implement change and achieve ambitious goals. Varsity Healthcare Partners Promotes Three Senior Associates to Vice The firm prefers to invest in the life sciences, big data, and digital health sectors. It does not store any personal data. We provide flexible capital solutions tailored to facilitate the unique needs & goals of each company. The fund targets investments in healthcare sector. Behind every Altor success is a deep understanding of both the portfolio company itself and the industry it operates in. Public filings of Varsity Healthcare Partners III LP raised by Varsity Management Company LP. The market offers attractive growth opportunities, both organically driven by underlying patient-critical . We staff our teams cross offices; we have an integrated value creation team and transparency in the portfolio review that is second to none. This cookie is set by GDPR Cookie Consent plugin. To build enduring value, we leverage our operational, financial and industry expertise, and open our extensive network to foster business development, strengthen boards and identify strategic add-on acquisitions. state or imply that past performance is an indication of future performance. Jonathan D. Morris Partner Jonathan D. Morris has more than 20 years of experience representing clients on mergers and acquisitions, equity investments, and joint ventures across various industries. Read our Annual Report for 2021 here. Varsity Healthcare Partners (VHP), a leading lower middle-market private equity firm focused on healthcare services, announced today the promotion of Michael Fisher to Partner, which follows the final close of Varsity Healthcare Partners III with total capital commitments of $417 million in August 2019. Information about venture fund Varsity Healthcare Partners is updated every day. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. With a focus on developing companies to their full potential and reflecting a strong belief in sustainability, our family of investment funds has a notably longer horizon than many others. For more information please visit: www.varsityhealthcarepartners.com. Key features of boardwork:5-6 directors, of which 3-4 industrial advisors6 board meetings p.a (plus performance calls)Monthly triumvirate meeting(CEO, chairman, lead Impilo person)Annual review of board work.